ON ISSUE OF DIGITAL ECONOMIC EFFICIENCY

The paper deals with the issues related to the need to determine the digital economic efficiency. It identifies the main challenges and proposes the ways to address them. It underlines the necessity to assess the integral effect of measures related to the growth of the digital economy so as to incorporate all aspects of their implementation for proper reasoning and making policy decisions. The paper underpins methodological inputs to initiate the study of the digital economic efficiency and highlights strengths and gaps entailed by the use of project-based digital technologies at the regional level. The management system for investment projects in the region based on the use of digitalization technologies should methodologically conform to theoretical and practical provisions of regional reproduction. In the region, investment management utilizing digitalization technology requires integrity that lies in the formation of one or more controllable regional project portfolios and provision of management. Such management will allow the preparation, development and implementation of investment management methodology, etc. In the whole range of various digitalization models of the regional economy, the following should be singled out: autonomous, coalition and regional (state) participation, and mixed models. The paper proposes introducing the concept of "digital potential of the economy" into scientific use, which signifies the ability of a socio-economic system to use digitalization technologies to ensure the transition to a new state. Conditions for enhancement of digital potential are determined. (C) 2019 Published by Future Academy www.FutureAcademy.org.UK